The Illustration for the Application of Asset Share in Premium

Zhirong JI, Dongjin HE

Abstract


With a case of whole life insurance, on the base of the actuarial theory of life insurance, this paper accounts for the theoretical foundation of the pricing method of asset share, establishes an intact theoretical framework, and simulates the process that the insurance company ascertains gross premium. In addition, for a real policy, the intact cash flow table is made out. This paper has valuable reference for further systematic study.

Key words: Premium; Asset share; Surplus; Profit; Cash flow


Keywords


Premium; Asset share; Surplus; Profit; Cash flow

References


Wang X. J, Jiang X & Liu W. Q. (2003). Insurance Actuarial Science. Beinjing: Renmin University of China Press.

Yang J. P. (October, 2002). The Primary Theory of Life Insurance. Beijing: Beijing University Press, 2002.10(in chinese)

Zhang H. T. & Zhuang Z. J. (2002). Personal Insurance. Beinjing: Renmin University Of China Press.

Lei Y (1998). Life Insurance Actuarial Science. Beijing: Beijing University Press.

Zhuo Z. (2001). The Theory and Operation of Life Insurance. Chengdu: South western University of Finance and Economics Press.

Li X. F. (2000). Life Insurance Actuarial Practice. Tianjin: Nankai University Press.

Fan K. X. (2000). Insurance Actuarial Course. Nanjing: Nanjing University Press.

Li X. F & Fu A. P. (2002). Life Insurance Actuary. Beinjing: Renmin University of China Press.

Lu F. X. & Zeng Q. W. (2000). Actuarial Mathematics of Life Insurance. Tianjin: Nankai University Press.

Zhang Z. Q& Fu S. D. (2000). Life Insurance Actuarial Introduction. Beijing: China Economy Press.

Li X. F. & Zeng Q. W. (1999). Insurance Actuarial Science. Beijing China Finance Press.




DOI: http://dx.doi.org/10.3968/j.css.1923669720130902.Z10210

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